In recent years, fintech has revolutionized the way we manage our finances. From instant digital payments and online banking to cryptocurrency trading, fintech has made financial transactions faster, more convenient and more accessible than ever.

However, this digital revolution has a downside. In the wrong hands, even the most beneficial tools can be used for malicious purposes. While most users adopt new financial technologies to make their lives easier, others exploit these innovations for fraudulent practices.

For example, in 2023, approximately $22.2 billion in cryptocurrency was sent to illicit addresses, a clear money laundering scheme. Cryptocurrency is just one component of fintech; other elements such as P2P digital payments and online banking significantly increase these numbers.

Fintech providers face security challenges

Under these conditions, major fintech providers face a dual challenge: offering competitive financial services while ensuring high-level protection for their customers. Industry leaders are now in a heated race to implement the most effective anti-fraud and anti-money laundering (AML) measures.

B2B fintech solution providers demonstrate the utmost dedication to security. Unlike other companies that focus on specific financial services, B2B solution providers create comprehensive ecosystems that other organizations rely on. With such responsibility, enhanced security measures are critical to protect both their operations and those of their customers.

Fintech360 leading the race for Fintech solutions

A great example of a fintech solution provider committed to security is Fintech360. This company’s responsible approach to transaction and data security distinguishes it as an industry leader. Fintech360 is renowned for its high-quality B2B services provided to regulated brokers, including CRM systems, payment gateways, business intelligence tools, trading platforms and more.

Fintech360’s mission goes beyond profit; aims to revolutionize the brokerage sector with innovative omnichannel solutions. The company focuses on achieving maximum efficiency by keeping its trading platforms simple and intuitive, available for both iOS and Android.

How Fintech360 guarantees customer protection

Fintech360 is a model for B2B fintech solution providers, both in the quality of its services and the security measures it takes to protect its customers. The company’s security system is based on a multi-layered cloud-based infrastructure that ensures the highest level of data security. Meets the latest industry standards, using advanced security tools to protect sensitive information and prevent fraudulent practices.

Key security measures adopted by Fintech360 include Rest API encrypted protocols and disk encryption at rest, ensuring secure data storage and transfer. Given the volume of data processed, this aspect cannot be overstated.

Other security measures include Data Loss Prevention (DLP) services, comprehensive security logs, a permission-based platform structure, and automated security monitoring tools. Additionally, the company uses two-factor authentication (2FA) for both B2B customers and internal users.

Fintech360 partners with FUGU for greater security

Despite its robust internal security measures, Fintech360 recognizes the value of third-party support in covering strategically important global elements such as anti-fraud and AML. To this end, Fintech360 has partnered with FUGU, a leading provider of payment fraud detection software known for its innovative approach to digital security.

FUGU’s post-checkout verification system allows parties to confidently accept transactions while minimizing the risk of false rejections, a common method of fraud. Using constant transaction monitoring, pattern analysis and artificial intelligence tools, FUGU effectively combats various fraud models, including stolen identities, account takeovers and friendly frauds.

In terms of anti-money laundering, FUGU excels in customer due diligence (CDD) and know your customer (KYC) procedures, ensuring thorough vetting of the platform’s customers and preventing the onboarding of people involved in money laundering. FUGU’s transaction monitoring mechanisms detect suspicious patterns and root out potential money laundering operations without manual involvement.

An example of safety in the sector

Fintech360’s collaboration with FUGU represents a significant step towards even greater digital security in fintech. This partnership highlights the importance of a comprehensive approach to digital security, covering all crucial elements.

Today, fintech providers emphasize the protection of customer data and funds, recognizing the critical nature of these issues. However, they should not overlook anti-fraud and anti-money laundering measures as essential components of their security infrastructure.

By partnering with FUGU, Fintech360 has consolidated its position as a leader in fintech security. This partnership sets a notable example for other companies, demonstrating that to be the best you need to collaborate with the best. This statement applies to both Fintech360 and FUGU.

Fintech360.com will be attending the next iFX Expo 2024 in Limassol, you can meet the team in person at booth no. 123.

In recent years, fintech has revolutionized the way we manage our finances. From instant digital payments and online banking to cryptocurrency trading, fintech has made financial transactions faster, more convenient and more accessible than ever.

However, this digital revolution has a downside. In the wrong hands, even the most beneficial tools can be used for malicious purposes. While most users adopt new financial technologies to make their lives easier, others exploit these innovations for fraudulent practices.

For example, in 2023, approximately $22.2 billion in cryptocurrency was sent to illicit addresses, a clear money laundering scheme. Cryptocurrency is just one component of fintech; other elements such as P2P digital payments and online banking significantly increase these numbers.

Fintech providers face security challenges

Under these conditions, major fintech providers face a dual challenge: offering competitive financial services while ensuring high-level protection for their customers. Industry leaders are now in a heated race to implement the most effective anti-fraud and anti-money laundering (AML) measures.

B2B fintech solution providers demonstrate the utmost dedication to security. Unlike other companies that focus on specific financial services, B2B solution providers create comprehensive ecosystems that other organizations rely on. With such responsibility, enhanced security measures are critical to protect both their operations and those of their customers.

Fintech360 leading the race for Fintech solutions

A great example of a fintech solution provider committed to security is Fintech360. This company’s responsible approach to transaction and data security distinguishes it as an industry leader. Fintech360 is renowned for its high-quality B2B services provided to regulated brokers, including CRM systems, payment gateways, business intelligence tools, trading platforms and more.

Fintech360’s mission goes beyond profit; aims to revolutionize the brokerage sector with innovative omnichannel solutions. The company focuses on achieving maximum efficiency by keeping its trading platforms simple and intuitive, available for both iOS and Android.

How Fintech360 guarantees customer protection

Fintech360 is a model for B2B fintech solution providers, both in the quality of its services and the security measures it takes to protect its customers. The company’s security system is based on a multi-layered cloud-based infrastructure that ensures the highest level of data security. Meets the latest industry standards, using advanced security tools to protect sensitive information and prevent fraudulent practices.

Key security measures adopted by Fintech360 include Rest API encrypted protocols and disk encryption at rest, ensuring secure data storage and transfer. Given the volume of data processed, this aspect cannot be overstated.

Other security measures include Data Loss Prevention (DLP) services, comprehensive security logs, a permission-based platform structure, and automated security monitoring tools. Additionally, the company uses two-factor authentication (2FA) for both B2B customers and internal users.

Fintech360 partners with FUGU for greater security

Despite its robust internal security measures, Fintech360 recognizes the value of third-party support in covering strategically important global elements such as anti-fraud and AML. To this end, Fintech360 has partnered with FUGU, a leading provider of payment fraud detection software known for its innovative approach to digital security.

FUGU’s post-checkout verification system allows parties to confidently accept transactions while minimizing the risk of false rejections, a common method of fraud. Using constant transaction monitoring, pattern analysis and artificial intelligence tools, FUGU effectively combats various fraud models, including stolen identities, account takeovers and friendly frauds.

In terms of anti-money laundering, FUGU excels in customer due diligence (CDD) and know your customer (KYC) procedures, ensuring thorough vetting of the platform’s customers and preventing the onboarding of people involved in money laundering. FUGU’s transaction monitoring mechanisms detect suspicious patterns and root out potential money laundering operations without manual involvement.

An example of safety in the sector

Fintech360’s collaboration with FUGU represents a significant step towards even greater digital security in fintech. This partnership highlights the importance of a comprehensive approach to digital security, covering all crucial elements.

Today, fintech providers emphasize the protection of customer data and funds, recognizing the critical nature of these issues. However, they should not overlook anti-fraud and anti-money laundering measures as essential components of their security infrastructure.

By partnering with FUGU, Fintech360 has consolidated its position as a leader in fintech security. This partnership sets a notable example for other companies, demonstrating that to be the best you need to collaborate with the best. This statement applies to both Fintech360 and FUGU.

Fintech360.com will be attending the next iFX Expo 2024 in Limassol, you can meet the team in person at booth no. 123.

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